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5. The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales

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5. The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 - Property, plant, and equipment. Total assets Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity 280,000 $375,000 Liabilities and Stockholders' Equity $ 60,000 95,000 220,000 $375,000 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations What is the rate earned on stockholders' equity? $90,000 45,000 $45,000 15,000 $30,000 6,000 $20 $1.00 $40,000

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